NationGate may trend higher after it broke above the key RM1.30 resistance with a long white candle a week ago. As the stock has surged to a new all-time high and its 20-day EMA has started to turn up, the near-term bullish trend may still have legs. A bullish bias may emerge above the RM1.39 level, with a stop-loss set at RM1.28, below the 20-day EMA. Towards the upside, the near-term resistance level is seen at RM1.60, followed by RM1.70.

Entry : RM1.39–1.46

Target : RM1.60, RM1.70

Exit : RM1.28

Source: AmInvest Research - 7 Mar 2023